Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.83% | -0.05 | 0.88% |
| Return on Equity (%) | ▼ | 12.37% | -3.28 | 15.65% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.26 | 3.30% |
| Efficiency Ratio (%) | ▲ | 69.71% | -2.14 | 71.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.54 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.12 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $719 | +16.57 | $702 |
| Gross Loans ($M) | ▲ | $458 | +35.25 | $422 |
| Loan Growth YoY (%) | ▲ | 68.40% | +4.66 | 63.74% |
| Total Deposits ($M) | ▲ | $661 | +5.56 | $656 |
| Shareholders Equity ($M) | ▲ | $49 | +6.27 | $43 |
| Tang. Book Value ($M) | ▲ | $49 | +6.27 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +5.35 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 68.40% | +4.66 | 63.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.62 | 0.15% |
| Allowance / Loans (%) | — | 1.17% | 0.11% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.20% | +0.95 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.64% | -0.22 | 13.86% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇▇█ | Net Interest Margin (%) | 2.98% | 3.03% | 3.28% | 3.30% | 3.36% | 3.42% | 3.44% | 3.55% |
| ▂▄▆▆██▁▅ | Return on Assets (%) | 0.71% | 0.79% | 0.89% | 0.88% | 0.97% | 0.99% | 0.66% | 0.83% |
| █▇▃▃▁▁▃▁ | Efficiency Ratio (%) | 76.6% | 75.2% | 72.3% | 71.9% | 70.1% | 70.5% | 72.1% | 69.7% |
| █▆▄▅▄▁▁▁ | Cost of Funds (%) | 1.63% | 1.56% | 1.48% | 1.52% | 1.48% | 1.40% | 1.38% | 1.40% |
| ▁▁▁▂▁▁▆█ | NPA / Assets (%) | 0.02% | 0.02% | 0.04% | 0.15% | 0.02% | 0.02% | 0.57% | 0.76% |
| ▁▁▁▂▁▁▆█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.07% | 0.24% | 0.04% | 0.03% | 0.90% | 1.20% |
| ▂▁▃▅▇█▇█ | Tang. Book Value ($M) | $38 | $35 | $39 | $43 | $46 | $50 | $46 | $49 |
| ▁▁▃▃▃▅██ | Gross Loans ($M) | $405 | $408 | $421 | $422 | $423 | $437 | $453 | $458 |
| ▂▁▅▇▆███ | Total Deposits ($M) | $638 | $634 | $649 | $656 | $653 | $659 | $660 | $661 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 20% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |